Q: If both John and Susan are killed in a car wreck. Who receives the death...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q: If both John and Susan are killed in a car wreck. Who receives the death benefit? (Reference: The following details are for questions 16 through 18 [3 questions]). John has a Universal Life policy for $500,000 and based on the contract, here are the details. The primary beneficiary is his wife, Susan, and the kids are listed as the contingent beneficiaries The owner is Susan John, the husband is the insured The payor is John Beneficiary Owner Legal Guardian for Children Contingent Beneficiaries Q: If both John and Susan are killed in a car wreck. Who receives the death benefit? (Reference: The following details are for questions 16 through 18 [3 questions]). John has a Universal Life policy for $500,000 and based on the contract, here are the details. The primary beneficiary is his wife, Susan, and the kids are listed as the contingent beneficiaries The owner is Susan John, the husband is the insured The payor is John Beneficiary Owner Legal Guardian for Children Contingent Beneficiaries
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Motion of Electrons in a Magnetic Field An electron of mass m and charge -e is moving through a uniform magnetic field B = (B, 0, 0) in vacuum. (Figure 1)At the origin, it has velocity (Uz, Vy, 0),...
-
Presented below are three revenue recognition situations. (a) Grupo sells goods to MTN for $1,000,000, payment due at delivery. (b) Grupo sells goods on account to Grifols for $800,000, payment due...
-
Match List I with List II and select the correct answer using the code given below the lists: List I (Principle/method) A. Klein's construction B. Kennedy's theorem C. D'Alembert's principle D....
-
Anderson Interiors, a successful retail furniture company, is located in an affluent suburb where a major insurance company has just announced a restructuring that will lay off 4,000 employees....
-
Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6784 and 111-11-1113, respectively. Alice's birthday is September 21, 1972, and...
-
Calculate the above Ratios
-
Home Content/WEB/240: W X zy Section 5.2 - WEB/240 [Solved] Please see an write a statement that X Search results for 'Cha X +...
-
What ecological factors contribute to human-wildlife conflict, and what sustainable solutions can mitigate these conflicts ?
-
One object that is 9 times as hot as your body is an old - style incandescent light bulb that has a hot filament ( not LED ) . These filaments emit light at around 2 7 0 0 K . How much total energy...
-
For this activity, you are the sole owner of a small printing business, known as New Bloomsbury. Over the past year, New Bloomsbury's business has grown unexpectedly, especially given the rise of...
-
Lease or Sell Ferrigno Company owns equipment with a cost of $362,800 and accumulated depreciation of $54,000 that can be sold for $275,300, less a 5% sales commission. Alternatively, Ferrigno...
-
You work for a retail company that sells electronic gadgets. One of the gadgets, a popular smartwatch, has an annual demand of 10,000 units. Each smartwatch costs $200, and the company incurs a fixed...
-
Refer to "Research in Action Checklist 3-2" in Ch. 3 of Action Research . With regard to the Checklist 3-2, item #2, Description, individually develop the following Problem Documentation : Obtain...
-
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
-
Identify constraint, then determine product mix (Learning Objective 5) Lifemaster produces two types of exercise treadmills: Regular and Deluxe. The exercise craze is such that Tifemaster could use...
-
Make-or-buy product component (Learning Objective 6) Fiber Systems manufactures an optical switch that it uses in its final product. Fiber Systems incurred the following manufacturing costs when it...
-
Determine product mix for retailertwo stocking scenarios (Learning Objective SJ Each morning, Max Imery stocks the drink case at Maxs Beach Hut in Myrtle Beach, South Carolina. Maxs Beach Hut has 100...
Study smarter with the SolutionInn App